by our College Data Analytics TeamA large number of students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Houghton University can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will Houghton offer you, and what will you qualify for? Read on for more information. Scroll down to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Houghton University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Houghton University, 100% of entering full-time freshmen got some type of financial assistance roughly 234 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $9,902 |
| Institutional grants & scholarships | 98% | $7,281 |
| Federal Pell grants | 40% | $4,562 |
| State/local grants | 37% | $2,302 |
| Federal student loans | 64% | $5,222 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Houghton, around 85% of undergraduates were awarded an average grant or scholarship of $7,821 (for some 835 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $7,821 |
| Federal Pell grants | 28% | $4,820 |
| Federal student loans | 48% | $6,143 |
On-campus students receiving title-IV aid were awarded grants averaging $10,624.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,245 |
| $30,001 – $75,000 | $19,166 |
| Over $75,000 | $24,111 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,519 |
| Off-campus title-IV students | $21,148 |
To get a personalized net price estimate, try Houghton’s net price calculator: admission.houghton.edu/register/calculator.
A typical borrower at Houghton leaves with $20,313 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,313 |
| Median federal debt (graduates only) | $25,250 |
| Typical 10-year monthly payment (graduates) | $267.69/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Houghton.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $9,042 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $32,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $17,245 |
| Middle income | $21,625 |
| High income | $18,875 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,726 |
| Continuing-generation students | $20,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $20,500 |
| Independent students | $17,245 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Houghton.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Houghton:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4352 |
| Total Stafford loan amount | $67,642,672 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $96,700 |
| Average GI Bill amount per recipient | $16,117 |
References
More about our data sources and methodologies.